Many businesses look to licensing deals with Chinese companies as a low-cost way to enter the Asian market. However, while an agreement to license your product in China can provide many benefits there are a few important differences between the U.S. and China that come into play.
In many business decisions, you can look at your market competition, location and customer demand to determine the probability of your success. But when you consider starting a business in China, there is much more at stake.
A survey released last week revealed that American companies are facing backlash in China over continuing trade disputes between the two countries. Less than two weeks after the U.S. increased tariffs on Chinese imports, nearly half of members of the American Chamber of Commerce in China reported facing retaliatory measures by the Chinese government.
Senator Josh Hawley (R-Mo.) introduced a bill yesterday aimed at curbing intellectual property theft and unfair trade practices in China. If passed, the China Technology Transfer Control Act would place export controls on technology and intellectual property “important to the national interest of the United States.”
In today’s global economy, many companies will encounter disputes with firms in another country. Many may wonder, how does an international lawsuit begin? We often take service of process for granted in domestic lawsuits – people view it as a given. However, when international firms are involved, the rules change.
Last week, China’s State Council adopted new trademark regulations aimed at combating bad faith registration. The amendments, based on draft regulation published by the China Trademark Office back in February, address long-standing issues of “trademark squatters” holding trademarks ransom.